NOT LISTED FOR SALE

98 Westminster Terrace Black Mountain, NC 28711

Estimated Value: $853,000 - $1,078,000

4 Beds
3.5 Baths
2,283 Sq Ft
$421/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $810,000 $355 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,850/month

2 Days on Market

Highlights

  • Open Floorplan
  • Wooded Lot
  • Circular Home
  • Deck
  • Wood Flooring
  • Laundry Room

About This Home

As of March 2022

"Hanging Round" boasts the best views in Montreat, a rare find in this treasured community. This rondette style home is just beyond the infamous stone arches of Montreat. There is room for all with 3 levels, 4 bedrooms, 3.5 baths, multiple dens and a game room. Home is to be delivered turn-key (professionally decorated) with strong vacation rental history. 3 Levels of decking takes advantage of the mountain air and incredible views! Hanging Round" is steps away from walking paths, trails, creeks, Lake Susan and more. Extensive work by current owners to parking pad. Whole house remodel with kitchen, bath, hardwood updates as well as popcorn ceiling removal along with many more updates. Be sure to look at the attachments list for more information. OFFER DEADLINE OF 7PM ON SATURDAY 2/5.

Last Agent to Sell the Property

Sunday Grant

GreyBeard Realty License #290391 Listed on: 02/03/2022

Last Buyer's Agent

Alan Wray

Heartwood Realty LLC License #282251

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,898

Year Built

  • Built in 1976

Lot Details

  • Paved or Partially Paved Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Circular Home
  • Composition Roof
  • Wood Siding

Interior Spaces

  • Open Floorplan
  • Family Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Black Mountain Elementary School
  • Charles D Owen Middle School
  • Charles D Owen High School

Utilities

  • Central Heating
  • Heat Pump System
  • Cable TV Available

Additional Features

  • Entry Slope Less Than 1 Foot
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 0710-44-5258-00000

Community Details

Overview

  • Mountain Retreat Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,898

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Circular
  • Year Built: 1976
  • Ratio Current Price By Acre: 2025000.00
  • Restrictions: Short Term Rental Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel
  • Structure Type: Two Story/Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement Partially Finished
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Cable Available, Open Floorplan, Pantry, Vaulted Ceiling
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 907
  • Main Level Sq Ft: 907
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Deck
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Electric Oven, Microwave, Oven, Propane Cooktop, Refrigerator, Washer
  • Accessibility Features: Entry Slope less than 1 foot
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 469
  • Fireplace Features: Den, Family Room
  • Living Area: 2283
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Tax Location: Montreat
  • Construction Type: Site Built
  • Waterfront Elevation: 2000
  • Construction Type: Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Parking Space - 3

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Lower Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Walking Trails
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: None

Lot Info

  • Lot Features: Long Range View, Mountain View, Paved, Rolling Slope, Wooded, Views, Winter View, Year Round View
  • Lot Size Area: 0.4
  • Lot Size Units: Acres
  • Parcel Number: 0710-44-5258-00000
  • Plat Book Slide: 34-135
  • Plat Reference Section Pages: 34-135
  • Zoning Description: R-1

Tax Info

  • RATIO List Price By Tax Amount: 1.41882

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Black Mountain
  • High School: Charles D Owen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2024
Sold by
Engle Christopher and Engle Amy
Bought by
Egcn Llc and Cortez-Neavel Family Limited Partnership
Current Estimated Value
$960,274

Purchase Details

Listed on
Feb 3, 2022
Closed on
Mar 2, 2022
Sold by
Loehr Stephen P and Loehr Laura R
Bought by
Engle Christopher and Holloway Amy
Seller's Agent
Sunday Grant
GreyBeard Realty
Buyer's Agent
Alan Wray
Heartwood Realty LLC
List Price
$790,000
Sold Price
$810,000
Premium/Discount to List
$20,000
2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%

Purchase Details

Closed on
Jul 31, 2007
Sold by
Neil Katherine C and Neil Bobby Joe
Bought by
Loehr Stephen P and Loehr Laura R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Egcn Llc $865,000 None Listed On Document
Engle Christopher $810,000 None Listed On Document
Loehr Stephen P $560,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Engle Christopher $400,000
Previous Owner Loehr Stephen P $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2022 03/02/22 Sold $810,000 +2.5% $355 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $790,000 -- $346 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,898 $744,000 $104,300 $639,700
2023 $7,898 $769,100 $104,300 $664,800
2022 $5,707 $556,800 $0 $0
2021 $5,707 $556,800 $0 $0
2020 $5,025 $465,700 $0 $0
2019 $4,932 $465,700 $0 $0
2018 $4,932 $465,700 $0 $0
2017 $4,881 $469,800 $0 $0
2016 $5,229 $469,800 $0 $0
2015 $5,229 $469,800 $0 $0
2014 $4,753 $427,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3824742

Canopy MLS (Canopy Realtor® Association)

APN: 0710-44-5258-00000